Exxon Mobil Corporation [XOM] gain 40.74% so far this year. What now?


Exxon Mobil Corporation [NYSE: XOM] price plunged by -5.77 percent to reach at -$5.27. The company report on June 15, 2022 that ExxonMobil statement regarding President Biden Letter to Oil Industry.

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ExxonMobil today released the following statement in response to a letter from President Biden.

We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. This includes investments in the U.S. of more than $50 billion over the past five years, resulting in an almost 50% increase in our U.S. production of oil during this period.

A sum of 64452572 shares traded at recent session while its average daily volume was at 28.27M shares. Exxon Mobil Corporation shares reached a high of $91.35 and dropped to a low of $85.655 until finishing in the latest session at $86.12.

The one-year XOM stock forecast points to a potential upside of 14.77. The average equity rating for XOM stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Exxon Mobil Corporation [XOM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XOM shares is $101.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XOM stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Exxon Mobil Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 07, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $90 to $100. The new note on the price target was released on April 21, 2022, representing the official price target for Exxon Mobil Corporation stock. Previously, the target price had yet another raise from $71 to $77, while Cowen kept a Market Perform rating on XOM stock.

The Average True Range (ATR) for Exxon Mobil Corporation is set at 3.36, with the Price to Sales ratio for XOM stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 2.48. Price to Free Cash Flow for XOM in the course of the last twelve months was 15.34 with Quick ratio for the last quarter at 0.80.

XOM Stock Performance Analysis:

Exxon Mobil Corporation [XOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.27. With this latest performance, XOM shares dropped by -5.00% in over the last four-week period, additionally plugging by 40.33% over the last 6 months – not to mention a rise of 42.58% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XOM stock in for the last two-week period is set at 34.46, with the RSI for the last a single of trading hit 24.99, and the three-weeks RSI is set at 40.61 for Exxon Mobil Corporation [XOM]. The present Moving Average for the last 50 days of trading for this stock 91.08, while it was recorded at 92.87 for the last single week of trading, and 74.12 for the last 200 days.

Insight into Exxon Mobil Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Exxon Mobil Corporation [XOM] shares currently have an operating margin of +9.91 and a Gross Margin at +24.10. Exxon Mobil Corporation’s Net Margin is presently recorded at +8.21.

Return on Equity for this stock inclined to 14.15, with Return on Assets sitting at 6.86.

Exxon Mobil Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.10.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for XOM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Exxon Mobil Corporation go to 28.25%.

Exxon Mobil Corporation [XOM] Insider Position Details

There are presently around $204,171 million, or 56.90% of XOM stock, in the hands of institutional investors. The top three institutional holders of XOM stocks are: VANGUARD GROUP INC with ownership of 364,432,696, which is approximately 2.482% of the company’s market cap and around 0.07% of the total institutional ownership; BLACKROCK INC., holding 275,079,344 shares of the stock with an approximate value of $23.69 billion in XOM stocks shares; and STATE STREET CORP, currently with $21.63 billion in XOM stock with ownership of nearly -0.812% of the company’s market capitalization.

Positions in Exxon Mobil Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,535 institutional holders increased their position in Exxon Mobil Corporation [NYSE:XOM] by around 176,432,576 shares. Additionally, 1,444 investors decreased positions by around 93,377,121 shares, while 297 investors held positions by with 2,100,958,112 shares. The mentioned changes placed institutional holdings at 2,370,767,809 shares, according to the latest SEC report filing. XOM stock had 289 new institutional investments in for a total of 13,761,493 shares, while 89 institutional investors sold positions of 6,899,076 shares during the same period.